Last $2.11 USD
Change Today +0.06 / 2.93%
Volume 1.1K
CXDO On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

crexendo inc (CXDO) Snapshot

Open
$2.11
Previous Close
$2.05
Day High
$2.11
Day Low
$2.11
52 Week High
03/7/14 - $3.80
52 Week Low
12/24/14 - $1.10
Market Cap
23.7M
Average Volume 10 Days
1.4K
EPS TTM
$-0.58
Shares Outstanding
11.2M
EX-Date
10/24/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CREXENDO INC (CXDO)

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crexendo inc (CXDO) Details

Crexendo, Inc., a hosted services company, provides Website hosting, hosted telecommunications services, e-commerce software, Website development software, and broadband Internet services for businesses and entrepreneurs in North America and internationally. It operates in three segments: Crexendo Network Services, Crexendo Web Services, and StoresOnline. The Crexendo Network Services segment offers hosted telecommunications services that transmit calls using IP or cloud technology, which converts voice signals into digital data packets for transmission over the Internet; and broadband Internet services. The Crexendo Web Services segment provides search engine optimization, link building, paid search management, conversion rate optimization, and Website design and development services. The StoresOnline segment offers Website hosting services through in-house telemarketing, online marketing channels, and direct prospecting for small office/ home office business owner and entrepreneurs. The company was formerly known as iMergent, Inc. and changed its name to Crexendo, Inc. in May 2011. Crexendo, Inc. was founded in 1995 and is headquartered in Tempe, Arizona.

82 Employees
Last Reported Date: 03/4/14
Founded in 1995

crexendo inc (CXDO) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: --
President and Chief Operating Officer
Total Annual Compensation: $200.0K
Chief Financial Officer
Total Annual Compensation: $148.9K
Chief Administrative Officer, Chief Legal Off...
Total Annual Compensation: $152.3K
Chief Technology Officer and Chief Informatio...
Total Annual Compensation: $180.0K
Compensation as of Fiscal Year 2013.

crexendo inc (CXDO) Key Developments

OTC Markets Group Welcomes Crexendo To OTCQX From NYSE MKT

OTC Markets Group Inc. announced Crexendo, Inc. has qualified to trade on OTCQX. The company previously traded on the NYSE MKT exchange. Crexendo began trading on January 13, 2015 on OTCQX under the symbol "CXDO".

Crexendo, Inc. To Voluntarily Delist Its Common Stock From NYSE

Crexendo, Inc. announced that it has notified the New York Stock Exchange MKT Exchange (NYSE) of its decision to voluntarily delist its common stock from the NYSE. The company intends to file a Form 25 with the Securities and Exchange Commission (SEC) to voluntarily delist its common stock on or about January 2, 2015. Delisting from the NYSE is expected to become effective 10 days after the filing date of the Form 25. After delisting from the NYSE MKT, the company expects its common shares will be traded on the OTCQX U.S quotation system (OTC). A new trading symbol will be allocated on the first day of trading on the OTC. The company previously announced that it had received a notice of noncompliance from the NYSE due to its not maintaining sufficient stockholder equity. In order to maintain its listing, the company was required to submit a plan of compliance by December 23, 2014 advising of actions it would take to regain compliance with Section 1003(a) (ii) of the company Guide by May 23, 2016. The company reviewed plans which would allow it to regain NYSE compliance. After consideration of actions required, the company determined that it was in the best interest of stockholders to voluntarily delist and move to the OTC. The company’s board of directors determined that it would be unreasonable to raise the amount of capital necessary to meet the required stockholder equity in 2015 due to the company’s cumulative loss as of September 30, 2014. At the current stock price of the company’s common stock, the dilutive effect of raising sufficient capital was neither in the best interest of stockholders or the company. After careful consideration, the company’s board of directors decided to delist from the NYSE and move to the OTC. The company believes that not being required to raise additional capital for the sole purpose of maintaining NYSE compliance and the cost savings that will occur will benefit the stockholders and the company. The company believes this will outweigh the advantages of continuing as a NYSE listed company. The company believes it will be able to reduce its costs while still maintaining an environment with appropriate financial controls. Stockholders will be able to trade the company’s securities on the OTC Exchange. The company believes that these changes will allow the company to better focus on its business and reaching its goal of profitability.

Crexendo, Inc. Receives Non-Compliance Notice From NYSE MKT

Crexendo, Inc. reported that on November 21, 2014, the Company received a letter from the NYSE MKT LLC stating that the Company is not in compliance with the continued listing standards as set forth in Section 1003(a) (ii) of the NYSE MKT Company Guide. The Company reported stockholders' equity of $3.8 million as of September 30, 2014 and net losses, in its four most recent fiscal years ended December 31, 2013. In order to maintain its listing, the Company must submit a plan of compliance by December 23, 2014 advising of actions it has taken or will take to regain compliance with Section 1003(a) (ii) of the Company Guide by May 23, 2016. If NYSE MKT determines to accept the plan, the Company will be notified in writing and will be subject to periodic reviews including quarterly monitoring for compliance with the plan. If the Company does not submit a plan or if the plan is not accepted, delisting proceedings will commence. Furthermore, if the plan is accepted but the Company is not in compliance with the continued listing standards by May 23, 2016 or if the Company does not make progress consistent with the plan during the plan period; the Exchange may initiate delisting procedures as appropriate. The NYSE MKT letter does not affect Crexendo's business operations or its Securities and Exchange Commission reporting requirements, and does not conflict with any of the Company's agreements or other obligations. The Company's management is reviewing its options to address the deficiency and expects to submit a compliance plan on or before the deadline set by the Exchange.

 

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Industry Analysis

CXDO

Industry Average

Valuation CXDO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.7x
Price/Book 4.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.4x
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